大行评级丨小摩:微升招商证券目标价至21港元,第三季盈利有望同比增长约190%

格隆汇
Sep 22
摩根大通发表报告,招商证券将于第三季业绩期前迎来重新评估长鑫科技投资收益的机会。该行指,招商证券在内地券商中持有长鑫的敞口最高,涉及约270亿元未变现收益,但其分析显示目前仅部分价值反映于股价中。该行估计,随着长鑫于7月上市后券商开始确认相关投资收益,招商证券第三季盈利有望同比增长约190%,明显跑赢同业。该股相对同业的超额表现已自7月高位收窄,该行认为第三季业绩催化剂前仍具吸纳机会。该行维持招商证券“增持”评级,H股目标价由20.5港元轻微上调至21港元。

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